Gold under pressure as U.S. strikes on Iran lift oil
Gold prices fell on Wednesday, as renewed U.S. military action against Iran fanned fears of inflation and higher interest rates, even as the same tensions lifted oil and the dollar ahead of the Federal Reserve's June meeting minutes.
July 08, 2026 (MLN): Gold prices fell on Wednesday, as renewed U.S. military action against Iran fanned fears of inflation and higher interest rates, even as the same tensions lifted oil and the dollar ahead of the Federal Reserve's June meeting minutes. Currently, spot gold is down 0.92% to $4,122.91 an ounce as of [09:45 am] PST, according to data reported by Mettis Global. The U.S. military carried out a fresh ro...